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AUD/USD holds steady above 100-day average as mixed household spending data emerges - BBH

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AUD/USD holds steady above 100-day average as mixed household spending data emerges - BBH

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update 2025.08.05 19:17
AUD/USD holds steady above 100-day average as mixed household spending data emerges - BBH

update 2025.08.05 19:17

AUD/USD is holding above its 100-day moving average (0.6430), BBH FX analysts report.

AUD/USD steady above 100-day average amid mixed spending data

"Australia June household spending report was mixed. On a current price basis, household spending rose less than expected by 0.5% m/m (consensus: 0.8%) vs. 1.0% in May driven entirely by spending on goods (1.3% m/m). Spending on services fell -0.5% m/m. In volume terms, household spending increased 0.7% q/q in Q2 vs. 0.5% in Q1 suggesting momentum in household consumption growth is picking up."

"The RBA is poised to resume easing at its next August 12 meeting. RBA cash rate futures more than fully price-in a 25bps cut to 3.60%. Overall, RBA/Fed policy expectations still favor AUD/USD, with market pricing 80bps of RBA cuts vs. 110bps for the Fed."


Date

Created

 : 2025.08.05

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Last updated

 : 2025.08.05

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